NetEase (NETTF) Gross Margin (2009 - 2026)
NetEase (NETTF) reported Gross Margin of 69.36% for Q1 2026, up 526.0% on a YoY basis from 11.08% in Q1 2025, and up 7.99% quarter-over-quarter from 64.23% in Q4 2025.
NetEase (NETTF) Gross Margin (2009 - 2026) Analysis & Trends
NetEase has reported Gross Margin for 18 years, with the latest figure at 69.36% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 526.0% year-over-year to 69.36%; the trailing twelve-month figure through Mar 2026 stood at 65.72% (up 301.0% YoY), and the FY2025 full-year result was 64.29%, up 179.0% from the prior year.
- Gross Margin for Q1 2026 stood at 69.36%, up from 64.23% in the prior quarter.
- The five-year high for Gross Margin was 69.36% in Q1 2026, with the low at 52.24% in Q4 2022.
- Historically, Gross Margin has averaged 61.11% across 5 years, with a median of 62.22% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin surged 976 bps — and 2024, when it sank 116 bps.
- NetEase's Gross Margin stood at 52.24% in 2022, then grew by 19 bps to 61.99% in 2023, then declined by 2 bps to 60.84% in 2024, then grew by 6 bps to 64.23% in 2025, then climbed by 8 bps to 69.36% in 2026.
- The last three Gross Margin figures came in at 69.36% (Q1 2026), 64.23% (Q4 2025), and 64.1% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 50.63 Bn | 47.77 Bn | 1.76 Bn | 82.83% |
| 2 | Take Two Interactive Software | 39.05 Bn | 37.06 Bn | 938.70 Mn | 55.88% |
| 3 | Roblox | 30.61 Bn | 27.39 Bn | 1.15 Bn | 79.61% |
| 4 | Playtika Holding | 1.16 Bn | 382.18 Mn | 384.10 Mn | 51.58% |
| 5 | Sohu.com | 430.85 Mn | -399.49 Mn | 111.48 Mn | 78.90% |
| 6 | Gdev | 243.40 Mn | 135.08 Mn | 75.00 Mn | 83.33% |
| 7 | Meridian Holdings | 161.93 Mn | 147.40 Mn | 28.14 Mn | 56.17% |
| 8 | Skillz | 141.06 Mn | -18.87 Mn | 25.51 Mn | 87.64% |
| 9 | Brag House Holdings | 90.80 Mn | 90.66 Mn | - | - |
| 10 | NetEase | - | - | 3.06 Bn | 69.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.36% |
| Dec 31, 2025 | 64.23% |
| Sep 30, 2025 | 64.10% |
| Jun 30, 2025 | 64.72% |
| Mar 31, 2025 | 64.10% |
| Dec 31, 2024 | 60.84% |
| Sep 30, 2024 | 62.86% |
| Jun 30, 2024 | 62.95% |
| Mar 31, 2024 | 63.37% |
| Dec 31, 2023 | 61.99% |
| Sep 30, 2023 | 62.22% |
| Jun 30, 2023 | 59.87% |
| Mar 31, 2023 | 59.48% |
| Dec 31, 2022 | 52.24% |
| Sep 30, 2022 | 56.27% |
| Jun 30, 2022 | 55.88% |
| Mar 31, 2022 | 54.49% |
| Dec 31, 2021 | 53.00% |
| Sep 30, 2021 | 53.22% |
| Jun 30, 2021 | 54.52% |